Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada Is Killing Work-From-Home & It’s Bad News For Small City Real Estate Canadians embraced work-from-home almost immediately in 2020, especially in government. It was branded the “new normal,” which workers took as a cue to move into distant suburbs, breathing new […]
The Canadian population is surging but concerns of excess supply are still mounting. As widely anticipated, the Bank of Canada (BoC) announced a rate cut this morning at its September meeting. The central bank is seeing progress on inflation but it may be too much—they’re now worried about deflation. At least one of Canada’s largest […]
Canada’s economy is expanding, but the details are worth reviewing before getting too excited. Statistics Canada (Stat Can) data shows real gross domestic product (GDP) grew more than expected in Q2 2024. A dive into the details shows productivity further eroded on a per capita basis, while household spending weakened. Most growth is now government […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Real Estate Inventory Grew More Than 2x The Rate of Sales Canadian home sellers expected rate cuts to stimulate the market, but apparently no one told buyers. July saw annual growth of new listings grow at double the rate of sales. […]
Canadian real estate markets aren’t firming up with rate cuts—demand is softening. RBC is warning investors that early data shows rate cuts failed to stimulate major markets in July. In fact, they generally observed the opposite trend—sales continued to weaken while inventory climbed, as investors try to lighten their market exposure in key regions like […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate A Quarter of Employed Canadians Now Work For The Government Canada’s surging population is outpacing job growth, and it may get a lot worse. Statistics Canada (Stat Can) data shows that 1 in 4 employed people now work for the government, which […]
Canadian employment doesn’t look like it moved much, but under the surface was a giant shift. Statistics Canada (Stat Can) data shows the number of jobs virtually unchanged in July, growing 1.7% (+345k jobs) over the past year. As a result, the unemployment rate was also flat at 6.4%, adding 0.9 points from last year. […]
Priced out of housing and now facing an eroding labor market, Canada’s young adults can’t catch a break. A new report from National Bank of Canada (NBF) warns that unemployment is on the rise across the country, but it’s surging for young adults (15 to 24 years old). The demographic is seeing unemployment rise much […]
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canadian Credit Demand Is Rapidly Collapsing Despite Population Growth Canadian households aren’t borrowing, which may indicate that they’re weaker than they appear. Annual household credit growth advanced 3.4% in May, just 0.2 points above the cycle’s low hit in October 2023. The […]
Canadians aren’t acting like themselves and it may be a sign of a more concerning trend brewing. Bank of Canada (BoC) data shows annual household credit growth decelerated in May. Just off multi-decade lows, despite cheaper credit on the way, households are pulling back on borrowing. The low growth for borrowing is even more concerning […]
